Brokerages Set NexPoint Residential Trust, Inc. (NYSE:NXRT) PT at $46.33

Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $46.33.

NXRT has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on NexPoint Residential Trust from $41.00 to $43.00 and gave the company a “hold” rating in a report on Monday, March 10th. StockNews.com lowered NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 1st. Truist Financial increased their price target on shares of NexPoint Residential Trust from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Finally, Raymond James cut their price objective on shares of NexPoint Residential Trust from $50.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, March 20th.

Hedge Funds Weigh In On NexPoint Residential Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC grew its position in NexPoint Residential Trust by 104,800.0% during the 3rd quarter. Quest Partners LLC now owns 1,049 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,048 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of NexPoint Residential Trust by 38.3% during the third quarter. Intech Investment Management LLC now owns 9,307 shares of the financial services provider’s stock worth $410,000 after buying an additional 2,575 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of NexPoint Residential Trust by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 332,680 shares of the financial services provider’s stock valued at $14,641,000 after buying an additional 8,795 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of NexPoint Residential Trust by 30.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 12,223 shares of the financial services provider’s stock valued at $538,000 after acquiring an additional 2,831 shares during the period. Finally, FMR LLC raised its stake in NexPoint Residential Trust by 4.9% in the 3rd quarter. FMR LLC now owns 15,579 shares of the financial services provider’s stock worth $686,000 after acquiring an additional 729 shares during the last quarter. 76.61% of the stock is owned by hedge funds and other institutional investors.

NexPoint Residential Trust Stock Performance

Shares of NYSE:NXRT opened at $39.13 on Friday. The firm has a 50 day moving average of $39.60 and a 200 day moving average of $42.26. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The company has a market capitalization of $996.59 million, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. NexPoint Residential Trust has a 52 week low of $30.21 and a 52 week high of $48.37.

NexPoint Residential Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.21%. NexPoint Residential Trust’s payout ratio is -20,400.00%.

About NexPoint Residential Trust

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.